SBI Suspends Forex & Trade Transactions with Russia-Backed Nayara Energy Amid US Tariffs and EU Sanctions | Industry

Nayara Energy , formed after the Rosneft-led acquisition of Essar Oil’s Vadinar refinery in 2017 , has a refining capacity of 20 million tonnes per annum (mtpa), representing about 8 per cent of India’s total capacity.

India’s largest public…

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